All Clear For $40,000? Bitcoin Shows Little On-Chain Resistance Ahead

Bitcoin might have an easy path toward the $40,000 mark as on-chain data suggests there isn’t much resistance ahead. Bitcoin Levels Ahead Are Thin With Addresses Right Now According to data from the market intelligence platform IntoTheBlock, there isn’t any exceptionally large resistance ahead for BTC.

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Fidelity ETF Boosts Bitcoin Price Momentum as Bulls Push Past $31K

Bitcoin Breaks Through $31K Resistance Again as Traders Anticipate Positive Momentum Bitcoin (BTC) made another significant move towards the $31,000 mark, with traders expecting further upside potential in the days ahead.

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Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024.

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Hut 8 secures $50 million credit facility from Coinbase

Hut 8 will have the option to draw $20 million and $15 million after the first tranche. The $50 million loan facility will mature one year after the first borrowing, and bear interest. CEO Jaime Leverton noted in a statement that the funds will give Hut 8 financial flexibility ahead of Bitcoin’s halving.

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Hut 8 nabs $50M Coinbase credit facility ahead of merger with US Bitcoin

Bitcoin (BTC) miner Hut 8 said on June 26 that its subsidiary, Hut 8 Holdings, entered into a $50 million credit facility agreement with Coinbase Credit for general corporate purposes. Hut 8 stated that the credit facility offers a $15 million term loan that would be funded at or shortly after closing.

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Bitcoin trading volume skyrockets three days ahead of attempted coup in Russia

Quick Take Over the weekend, news broke of an attempted coup in Russia. Despite its resolution by the end of the weekend, this news drew widespread attention. This incident coincided with a spike in trading for the USDT/RUB currency pair.

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Bitcoin And Crypto: 5 Must-Watch Events In The Week Ahead

The Bitcoin and crypto markets have had an extremely bullish week. While the BTC price has risen by 14. 5% in the last seven days, reaching a new yearly high of $31,432, the total market capitalisation of the crypto market has increased by 10.

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TUSD supply spiked ahead of Bitcoin’s $30K rally

On June 21, Bitcoin (BTC) surged past the $30,000 mark for the first time in two months, a significant milestone for the volatile cryptocurrency. This rally contributed to an uptick in derivatives trading, increased spot trading, and increased coins withdrawn from exchanges, as identified in a recentCryptoSlate Alpha insight.

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Matrixport's Bitcoin Greed & Fear Index Surpasses 90%, Suggests Bull Breather Ahead

Historically, an above-90% reading on the index has coincided with interim market tops.

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Halving Spurs High Demand for Bitcoin June 2024 Expiry Futures and Options on Deribit

Deribit Responds to Investor Demand by Launching June 2024 Bitcoin Futures and Options ahead of Schedule In anticipation of Bitcoin’s upcoming fourth mining reward halving, scheduled for April next year, investors are already seeking ways to capitalize on the event’s potential impact on the cryptocurrency’s price.

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Bitcoin Breaks Out Of Ichimoku Cloud, Storms Toward $28,000

Bitcoin price has made an intraday move higher, pushing above the Ichimoku cloud on BTC CME Futures daily charts. This signal in the past sent the entire cryptocurrency market soaring higher. Will crypto once again continue to storm ahead, or is it about to rain more pain on investors? Bitcoin Storms Above $28,000 After Technical Breakout BTCUSD made a 4% move higher today.

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Bitcoin price ‘sideways boredom’ may last 18 months — New research

BTC price cycles suggest that an “arduous road” lies ahead for patient Bitcoin hodlers.

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Bitcoin Headed for Another Crash? Over $100 Billion in Liquidations Suggests Trouble Ahead

Bitcoin (BTC), the largest cryptocurrency in the market, was expected to continue its bull run after consolidating its gains. However, on June 14th, just before its daily close, Bitcoin suffered a 3% decline, dropping below $25,000 and reaching as low as $24,700, a price level not seen since mid-March.

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If indicators are to be believed, XRP’s days ahead look bleak as...

Market indicators were heavily bearish on XRP, suggesting a further price drop.  XRPL’s adoption increased, which was evident from the rise in new addresses. Bitcoin’s [BTC] social voluThe post If indicators are to be believed, XRP’s days ahead look bleak as... appeared first on AMBCrypto.

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Fed Preview: Bitcoin Market Skews Bearish as Analysts Anticipate 'Hawkish Rate-Hike Pause'

Options market shows a bias for puts, or bearish bets, tied to bitcoin ahead of the pivotal Fed meeting.

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U.S. CPI Inflation Slows to 0.1% in May; Bitcoin Rises

The news on consumer prices comes one day ahead of the results of the Fed's latest monetary policy meeting.

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U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises

The news on consumer prices comes one day ahead of the results of the Fed's latest monetary policy meeting.

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Bitcoin Breaks $26,000 Ahead of US Inflation Report

Bitcoin surges past $26,000, showcasing resilience amidst regulatory pressures and in anticipation of US inflation data and Fed's rate decision. The post Bitcoin Breaks $26,000 Ahead of US Inflation Report appeared first on BeInCrypto.

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Most Explosive Week For Bitcoin And Crypto In 2023 Ahead: Key Events

After the massive sell-off of altcoins and the resulting (moderate) Bitcoin price drop on Friday, the market for digital assets may be facing the most explosive week of the year. Traders should prepare for a sharp increase in volatility.

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Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data

BTC’s price recovered quickly from this week’s swing low, but derivatives data hints that a challenging road lies ahead.

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Bitcoin Reformation Author Tuur Demeester: Ethereum (ETH) Founders Lied About Scaling

Bitcoiner (BTC) Tuur Demeester, author of iconic report on 'The Bitcoin Reformation,' bashed hypocrisy of Ethereum (ETH) developers ahead of Cancun-Deneb activation

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Bitcoin’s Double Bottom Pattern Signals Potential Price Surge Ahead, But…

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First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

ALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. What's behind its ascent?

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Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan

The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.

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Bloomberg’s Senior Macro Strategist Predicts More Pain Ahead For Bitcoin

In his latest report titled “Crypto Outlook, June 2023,” Bloomberg’s Senior Macro Strategist, Mike McGlone, predicts more pain ahead for Bitcoin (BTC) and the broader cryptocurrency market.

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Bitcoin: New holdings spike; good news ahead?

Bitcoin supply transacted in the last three months increased from 11.5% to 21.4%. The overall supply held for less than six months declined sharply in May. Several analyses centered on BitcoThe post Bitcoin: New holdings spike; good news ahead? appeared first on AMBCrypto.

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First Mover Americas: Bitcoin Bounces Back to $27K Ahead of Jobs Report

The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Bitcoin, Ethereum Dip Ahead of Debt Ceiling Vote

The US debt ceiling vote and potential interest rate hikes have triggered a downturn in the cryptocurrency market, with leading players Bitcoin and Ethereum experiencing significant value fluctuations.

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Trading Legend Henrik Zeberg Reveals Bullish Bitcoin Price Prediction

Bitcoin rally ahead? Top trader unveils epic BTC price prediction

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Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week

Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength.

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Bitcoin (BTC) Price Gains Momentum Ahead of US Debt Ceiling Increase

Coinspeaker Bitcoin (BTC) Price Gains Momentum Ahead of US Debt Ceiling Increase BTC, ETH, and many other leading altcoins are all showing positive signs in the past few hours. Bitcoin (BTC) Price Gains Momentum Ahead of US Debt Ceiling Increase

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Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin

The Bitcoin market has been calm for the better part of May, as prices hover in a relatively stable range between $26,000 and $28,000. However, beneath this seemingly tranquil surface, several on-chain metrics indicate potential shifts in market sentiment and investor behavior.

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The US Treasury is running out of cash — Trouble ahead for Bitcoin?

Cointelegraph analyst and writer Marcel Pechman explains how and why the U.S. Treasury is quickly running out of cash, and what that means for Bitcoin and the crypto market.

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These US Presidential Candidates Are Accepting Bitcoin (BTC) Donations

Ahead of the 2024 primaries, Republican and Democrat presidential candidates in the U.S. are accepting campaign donations in Bitcoin. The post These US Presidential Candidates Are Accepting Bitcoin (BTC) Donations appeared first on BeInCrypto.

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Bitcoin price prediction ahead of key week for the markets

The next week will be critical for BTC, crypto analyst Michael van de Poppe says. Bitcoin price could see a new uptrend if BTC can break out after a successful retest of the 200-day moving average.

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Bitcoin in Stasis Below $27K Ahead of Powell Speech

At 15:00 GMT, Powell will speak at the "Perspectives on Monetary Policy" panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.

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Bitcoin's Realized Price on Cusp of Flashing Major Bullish Signal

Bitcoin's realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.

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Analyst Predicts Altcoins Boom Ahead of Bitcoin Halving – Is it Time to Invest?

The Bitcoin and the altcoins market has since been on a rollercoaster ride over the last few months, with investors looking to make gains at every opportunity, especially with the current trend of the creation of meme coins such as PEPE, AIDOGE, TURBO, and so on.

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Bitcoin Cash Prices Bump Ahead of ‘CashTokens’ Upgrade

The upgrade is set to go live on mainnet at noon UTC on Monday.

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Crypto winter might not be over according to bitcoin data, digitoads attracting capital

There could be a potential for DigiToads' TOADS to outperform even mainstream currencies like bitcoin (BTC) in the months ahead

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AltSignals presale accelerates even as Bitcoin cools down and meme interest grows

AltSignals token presale is now 66. 84% complete The presale happens amid a tepid crypto market and growing interest in memes $ASI could be attractively priced ahead of the token listings Bitcoin has cooled down after a tepid run to the $30,000 mark.

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Bitcoin price could pace declines for risk assets, senior macro strategist says

Bitcoin is trading just under $28,000 after a fresh rejection near the key technical level of $30,000. Stock futures were largely muted on Monday ahead of a week likely to be punctuated with movement related to reaction to core inflation data.

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If Over 2,300 Banks In America Are Bankrupt, Will Bitcoin Break Above $40,000?

The United States banking system is in trouble as over 2,300 financial institutions could have more liabilities than assets, recent analysis reveals. Subsequently, analysts say this could boost Bitcoin prices in the weeks and months ahead if the government doesn’t proceed carefully.

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5 cryptocurrencies with the best upside potential in the week ahead

Bitcoin and Ethereum’s ETH are finding buyers at lower levels, which may be a bullish sign for XMR, OKB and RPL.

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Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments

Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.

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Bitcoin and crypto markets firm ahead of US Fed interest rate decision

Ahead of the highly anticipated Federal Reserve (Fed) announcement, trader sentiment is bullish, and the total crypto market capitalization is over $1.18t

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More Dip To Come: Bitcoin Liquidity On The Move Ahead Of Major Event

As the Federal Reserve (Fed) prepares to announce its decision on interest rates, Material Indicators, a research and analysis firm in the cryptocurrency market, is keeping a close eye on the Bitcoin (BTC) liquidity movements.

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Kazakhstan’s Bitcoin mining industry has several challenges ahead

In May 2023, Kazakhstan’s share of the global Bitcoin mining hashrate stood at 4%, down from its peak of 18% in October 2021. Kazakhstan’s mining industry boomed between 2020 and 2021, driven by cheap electricity, hosting demand, access to cheap Chinese machines, relaxed regulations, and tax benefits, according to a Hashrate Index report.

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Bitcoin Cash price remains calm ahead of the Fed decision

Bitcoin Cash price has remained in a consolidation phase in the past few weeks. It remains significantly below the year-to-date high of $153. The Fed is expected to hike interest rates by 0. 25% and point to a strategic pause.

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